Citigroup Issues Pessimistic Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its target price cut by Citigroup from $36.00 to $32.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms also recently commented on OS. Morgan Stanley upgraded Onestream from an “equal weight” rating to an “overweight” rating and set a $37.00 target price on the stock in a research report on Thursday. Raymond James upped their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Piper Sandler lifted their price target on shares of Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. The Goldman Sachs Group began coverage on shares of Onestream in a report on Wednesday, December 11th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Needham & Company LLC lifted their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $35.72.

Onestream Trading Down 0.5 %

Shares of OS stock opened at $28.64 on Thursday. The stock’s 50-day moving average price is $29.83. Onestream has a 12 month low of $24.50 and a 12 month high of $35.39.

Insiders Place Their Bets

In related news, President Craig Colby sold 280,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $29.71, for a total value of $8,318,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William A. Koefoed sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.57, for a total transaction of $265,700.00. The disclosure for this sale can be found here. Insiders sold 7,709,787 shares of company stock valued at $231,177,930 in the last ninety days.

Institutional Investors Weigh In On Onestream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new stake in shares of Onestream during the third quarter worth about $27,000. Point72 Asset Management L.P. purchased a new stake in Onestream during the 3rd quarter valued at approximately $77,000. RiverPark Advisors LLC acquired a new stake in Onestream during the 3rd quarter worth approximately $92,000. SG Americas Securities LLC purchased a new position in shares of Onestream in the 4th quarter valued at approximately $166,000. Finally, HighTower Advisors LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $222,000.

About Onestream

OneStream, Inc is a holding company, which engages in the development of artificial intelligence (AI) based enterprise finance platform. The firm offers Digital Finance Cloud, an AI-enabled and extensible software platform that unifies core financial functions and operational data and processes. Its platform focuses on forming a comprehensive, dynamic, and predictive view of the entire enterprise, providing corporate leaders with the control, visibility, and agility required to proactively adjust business strategy and day-to-day execution.